banks' liabilities thereby decreasing the cost of equity relative to the cost of debt. Using a difference …-in-differences approach we assess the impact of this tax levy on banks' participation in the syndicated loan market. We further investigate … the impact of the tax levy along bank size and capital structure. We find that banks located in countries where the tax …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are … banks penalized for potentially holding private information? To answer this question we merge CDS trades reported under the … that the same dealer offers to banks and to other investors. We find that banks lending to a corporation purchase CDSs on …

argue that while traditional financing channels, including financial markets and banks, provide significant sources of funds …

-owned banks contract their credit more during the crisis than locally-funded domestic banks do. Firms dependent on credit and with … a relationship with internationally-borrowing domestic or foreign banks suffer more in their financing and real …

bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In …

power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise …

maturity than non-issuer firms do, suggesting an improvement in their bargaining power with banks. In addition, issuer firms …

Europe and Central Asia. We find that internationally-borrowing domestic and foreign-owned banks contract their credit more … during the crisis than domestic banks that are funded only locally. Firms that are dependent on credit and at the same time …

We study how relationships between firms and banks evolved between during the Twentieth century in Britain. We document … likely to add a bank. Deregulation and intensifying competition in the banking sector during the 1970s spurred banks to …